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Dated: <br />Signature Guaranteed: <br />NOTICE: The Signature to this assignment <br />must correspond with the name as it appears <br />on the face of the within bond in every <br />particular, without alteration or enlargement <br />or any change whatsoever. <br />NOTICE: Signature(s) must be guaranteed <br />by an eligible guarantor institution participating <br />in a Securities Transfer Association recognized <br />signature guarantee program. <br />SECTION 10. Sale of Bonds. <br />(a) The 2005 Bonds shall be sold in a competitive sale. The Fiscal Officer <br />shall cause to be published either (i) a notice of sale once each week for two consecutive weeks <br />in accordance with I.C.§5-3-1-2, in which case the date fixed for the sale shall not be earlier than <br />fifteen (15) days after the first of such publications and not earlier than three (3) days after the <br />second of such publications, or (ii) a notice of intent to sell bonds once each week for two weeks <br />in accordance with I.C. §5-1-11-2 and I.C. §5-3-1-4 and in a newspaper of general circulation <br />published in the State capital, in which case bids may not be received more than ninety (90) days <br />after the first of such publications. Said sale notice shall state the time and place of sale, the <br />purpose for which the 2005 Bonds are being issued, the total amount thereof, the amount and <br />date of each maturity, the maximum rate or rates of interest thereon, their denominations, the <br />time and place of payment, the terms and conditions upon which bids will be received and the <br />sale made and such other information as is required by law or as the Fiscal Officer shall deem <br />necessary. The Fiscal Officer is designated as the officer responsible for the sale of the 2005 <br />Bonds, and shall provide or cause to be provided all notices required by law. <br />All bids for the 2005 Bonds shall be sealed and shall be presented to the Fiscal Officer in <br />accord with the terms set forth in the sale notice. Bidders for the 2005 Bonds shall be required to <br />name the rate or rates of interest which the 2005 Bonds are to bear, which shall be the same for <br />all 2005 Bonds maturing on the same date and the interest rate bid on any maturity of 2005 <br />Bonds must be no less than the interest rate bid on any and all prior maturities, not exceeding <br />eight percent (8%) per annum, and such interest rate or rates shall be in multiples of one <br />hundredth of one percent. The Fiscal Officer shall award the 2005 Bonds to the bidder who <br />offers the lowest interest cost, to be determined by computing the total interest on all the 2005 <br />Bonds to their maturities and deducting therefrom the premium bid, if any, or adding thereto the <br />amount of the discount, if any. No bid for less than ninety-nine percent (99%) of the par value of <br />the 2005 Bonds, plus accrued interest, shall be considered. The Fiscal Officer may require that <br />all bids be accompanied by certified or cashier's checks payable to the order of the City, or a <br />surety bond, in an amount not to exceed one percent of the aggregate principal amount of the <br />-15- <br />